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The Nifty index opened with a gap up at 15,291 level on Tuesday, but witnessed pressure at higher zones and consolidated in a broader range to settle the day on a flattish note. The index has been forming higher highs and higher lows for the last three trading sessions. Technically, it formed a bearish candle with a long lower shadow on the daily chart.
Now, it has to hold above 15,150 level to witness an up move towards 15,300 and then lifetime high of 15,431-mark, while on the downside, support exists at 15,100 and 15,000 zones.
India VIX fell down by 1.50 per cent from 19.13 to 18.84 levels. India VIX needs to hold below the 20 zone to extend the bullish market momentum towards new lifetime territory.